NEW YORK ( TheStreet) -- Shares of Chico's FAS (NYSE: CHS) were gapping up Wednesday morning with an open price 13.3% higher than Tuesday's closing price. The stock closed at $12.81 Tuesday and opened today's trading at $14.52. The average volume for Chico's FAS has been 3.1 million shares per day over the past 30 days. Chico's FAS has a market cap of $1.94 billion and is part of the services sector and retail industry. Shares are up 15% year to date as of the close of trading on Tuesday. Chico's FAS, Inc., together with its subsidiaries, operates as a specialty retailer of casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items. The company has a P/E ratio of 16.9, above the average retail industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Chico's FAS as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Chico's FAS Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.